Common use of Maximum loans — Limits Clause in Contracts

Maximum loans — Limits. (a) Subject to paragraphs (b) and (c), the maximum total amount of loans available to the Borrowers under this agreement is the Facility Limit. (b) Within the Facility Limit: (i) the maximum total amount of loans available to Santander BanCorp is the Santander BanCorp Facility Limit; and (ii) the maximum total amount of loans available to Santander FS is the Santander FS Facility Limit. (c) To avoid doubt: (i) no part of the Santander BanCorp Facility Limit is available to be borrowed by Santander FS; and (ii) no part of the Santander FS Facility Limit is available to be borrowed by Santander BanCorp.